Company Description

National Penn Bancshares, Inc. operates as a bank holding company, which provides financial and banking services through its subsidiary, National Penn Bank. It operates through two segments: Community Banking and Other. The Community Banking segment provides commercial banking and consumer banking services, including deposit accounts, demand, NOW, money market, other checking and savings accounts and certificates of deposits. The Other segment includes wealth management where commercial and consumer banking operations, including mortgage lending services are provided. Its consumer loan products include installment loans, home equity loans, residential mortgage loans, multi-family loans, educational loans and credit cards. National Penn Bancshares was founded in January 1982 and is headquartered in Allentown, PA.